NXDR vs QQQ: Correlation
Nextdoor Holdings, Inc. (NXDR) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXDR and QQQ?
Across a 3-year window, the weekly returns of NXDR and QQQ correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.47, with an annualized covariance of 472.6 %².
By 3-year correlation, QQQ places #6 of the 15 assets tracked against NXDR. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 16.3 percentage points (+10.0% for NXDR against +26.3% for QQQ). Risk is not evenly split, since NXDR carries 2.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NXDR vs QQQ: side by side
| NXDR (Nextdoor Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.0% | +26.3% |
| 5-year return | -82.2% | +95.4% |
| Volatility (ann.) | 54.0% | 19.6% |
| Beta vs S&P 500 | 1.65 | 1.28 |
| Max drawdown (3Y) | -53.6% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | NXDR | QQQ |
|---|---|---|
| 2022 | -73.9% | -32.6% |
| 2023 | -8.3% | +54.9% |
| 2024 | +25.4% | +25.6% |
| 2025 | -11.4% | +20.8% |
| 2026 | +10.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXDR and QQQ good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NXDR and QQQ?
The NXDR/QQQ correlation stands at 0.45 on a 3-year window (1 year: 0.48, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NXDR?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nxdr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nxdr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXDR correlations · QQQ correlations
